What is a 'fun fund', a trend among Gen Z?

'Fun fund' is a discretionary spending category that has become a trend among Gen Z, according to Livemint. This money isn't meant for shopping, saving or any planned purchase, but simply for experiences, it added. Essentially, 'fun funds' can be used for everything from concert tickets and comedy shows to scuba diving, pottery workshops, cultural events and spontaneous weekend getaways.